Darling Ingredients Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 07, 2023 at 04:26 pm EST
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Darling Ingredients Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 1,625.2 million compared to USD 1,747.6 million a year ago. Net income was USD 125.03 million compared to USD 191.08 million a year ago. Basic earnings per share from continuing operations was USD 0.78 compared to USD 1.19 a year ago. Diluted earnings per share from continuing operations was USD 0.77 compared to USD 1.17 a year ago.
For the nine months, sales was USD 5,174 million compared to USD 4,764.12 million a year ago. Net income was USD 563.21 million compared to USD 581.13 million a year ago. Basic earnings per share from continuing operations was USD 3.52 compared to USD 3.6 a year ago. Diluted earnings per share from continuing operations was USD 3.47 compared to USD 3.54 a year ago.
Darling Ingredients Inc. develops and produces sustainable natural ingredients from edible and inedible bio-nutrients, creating a range of ingredients and customized specialty solutions for customers in the pharmaceutical, food, pet food, animal feed, industrial, fuel, bioenergy and fertilizer industries. Its segments include Feed Ingredients, Food Ingredients and Fuel Ingredients. Feed Ingredients operating segment includes its global activities related to the collection and processing of beef, poultry and pork animal by-products in North America, Europe and South America into non-food grade oils and protein meals, and others. Food Ingredients operating segment includes its global activities related to the purchase and processing of beef and pork bone chips, beef hides, pig skins, and fish skins into collagen, and others. Fuel Ingredients operating segment includes its global activities related to the conversion of organic sludge and food waste into biogas in Europe, and others.
DARLING INGREDIENTS INC. 
